hodler

6 May 2026, 21:44

U.S. Bitcoin Reserve update coming in 'next few weeks," White House adviser says

White House digital-assets adviser Patrick Witt cited a recent exploit involving assets held by the U.S. Marshals as proof federal crypto holdings need safeguarding.

6 May 2026, 21:40

GBP/JPY Price Forecast: Pair Breaks Below 213.00, Sets Sights on 212.00 Support

BitcoinWorld GBP/JPY Price Forecast: Pair Breaks Below 213.00, Sets Sights on 212.00 Support The British pound weakened sharply against the Japanese yen during Wednesday’s trading session, with the GBP/JPY cross breaking below the key 213.00 psychological level and now setting its sights on the next support zone near 212.00. The move reflects growing risk aversion in global markets and renewed strength in the yen as a safe-haven currency. Technical Breakdown: Key Levels in Focus The break below 213.00 marks a significant technical development for the pair, which had been trading in a relatively tight range above that level for the past several sessions. The 213.00 zone had previously acted as support, and its failure now opens the door for a test of the 212.00 handle, which represents the next major support level based on recent price action. Traders are closely watching the 212.00 level, as a break below that could accelerate selling pressure toward the 211.00 region. On the upside, the 213.00 level now becomes immediate resistance, with further resistance at 213.50 and 214.00. The Relative Strength Index (RSI) on the daily chart has dipped below 50, indicating that bearish momentum is building. Market Drivers Behind the Move The yen’s strength is being driven by a combination of factors, including safe-haven flows amid renewed geopolitical uncertainties and expectations that the Bank of Japan may continue to normalize its monetary policy. Meanwhile, the pound is under pressure from disappointing UK economic data and growing expectations that the Bank of England may need to cut interest rates sooner than previously anticipated. Recent UK inflation figures came in softer than expected, fueling speculation that the BoE could ease policy as early as the next meeting. This divergence in monetary policy expectations between the BoJ and the BoE is a key factor weighing on GBP/JPY. What This Means for Traders For short-term traders, the breakdown below 213.00 signals a shift in momentum and suggests that selling rallies may be the preferred strategy until the pair can reclaim that level. The 212.00 zone will be critical to watch for potential buying interest or a further acceleration lower. A daily close below 212.00 would be a bearish signal, potentially targeting the 210.00 area in the coming weeks. Longer-term investors should note that the broader trend for GBP/JPY remains mixed, with the pair having traded in a wide range over the past year. However, the current technical breakdown, combined with the fundamental backdrop, suggests that downside risks are increasing. Conclusion The GBP/JPY pair’s break below 213.00 is a notable technical event that shifts the near-term bias to bearish. With the yen benefiting from safe-haven demand and the pound struggling under weak economic data and dovish BoE expectations, the path of least resistance appears lower. Traders should monitor the 212.00 level closely for the next directional cue, while also keeping an eye on any comments from BoJ or BoE officials that could alter the current trajectory. FAQs Q1: What is the next key support level for GBP/JPY after breaking below 213.00? The next major support level is at 212.00, followed by 211.00 if selling pressure continues. Q2: Why is the Japanese yen strengthening against the British pound? The yen is benefiting from safe-haven demand amid geopolitical uncertainties and expectations that the Bank of Japan may continue tightening monetary policy, while the pound is under pressure from weak UK economic data and dovish Bank of England expectations. Q3: What should traders watch for in the coming sessions? Traders should monitor the 212.00 support level for a potential bounce or breakdown, as well as any comments from Bank of Japan or Bank of England officials regarding monetary policy. A daily close below 212.00 would be a strong bearish signal. This post GBP/JPY Price Forecast: Pair Breaks Below 213.00, Sets Sights on 212.00 Support first appeared on BitcoinWorld .

6 May 2026, 21:31

Euro Climbs to Two-Week High as US-Iran Peace Hopes Fuel Risk-On Mood

BitcoinWorld Euro Climbs to Two-Week High as US-Iran Peace Hopes Fuel Risk-On Mood The euro surged to a two-week high against the U.S. dollar on Tuesday, as renewed diplomatic efforts between the United States and Iran sparked a broad shift toward riskier assets. The common currency rose above the $1.09 mark for the first time since late March, driven by growing optimism that a potential de-escalation in Middle East tensions could ease pressure on global energy markets and trade flows. Market Reaction to Geopolitical Shift Currency traders reacted swiftly to reports that Washington and Tehran had resumed indirect talks mediated by European and Gulf officials. The euro, which had been under pressure for much of March due to safe-haven dollar demand, rebounded sharply as investors rotated out of defensive positions. The single currency gained roughly 0.6% against the greenback during European trading hours, with the EUR/USD pair touching 1.0915 before settling near 1.0890. Analysts noted that the move was amplified by thin liquidity conditions following the Easter holiday period. However, the underlying catalyst remained clear: any reduction in geopolitical risk tends to weaken the dollar’s safe-haven appeal and boost currencies tied to global trade, such as the euro. Broader Risk Appetite Returns The rally in the euro was accompanied by gains in other risk-sensitive currencies, including the Australian and New Zealand dollars. European equity markets also rose, with the Stoxx 600 index adding 0.8%, while U.S. futures pointed to a positive open on Wall Street. Bond yields edged higher as demand for safe-haven government debt eased. Oil prices, which had spiked earlier this month on fears of supply disruptions from the Strait of Hormuz, retreated modestly. Brent crude fell below $87 per barrel, reflecting market expectations that a diplomatic breakthrough could reduce the risk of a broader regional conflict. What This Means for Forex Traders For currency markets, the key question is whether the euro’s gains are sustainable. The EUR/USD pair has been range-bound between $1.07 and $1.10 for most of 2025, with the dollar supported by relatively strong U.S. economic data and the Federal Reserve’s cautious stance on rate cuts. A sustained rally above $1.10 would require not only continued progress on the Iran front but also a shift in the interest rate outlook. Market participants are now watching for any official statements from Washington or Tehran that could confirm the talks are moving toward a tangible agreement. The next few days are critical, as any setback in negotiations could quickly reverse the risk-on flows. Conclusion The euro’s climb to a two-week high reflects a market eager for positive geopolitical news. While the US-Iran peace hopes have provided a clear short-term boost to risk appetite, the durability of this move depends on concrete diplomatic outcomes. For now, traders are cautiously optimistic, but the underlying volatility in the Middle East means the situation remains fluid. FAQs Q1: Why did the euro rise against the dollar? The euro rose because renewed US-Iran peace talks reduced demand for the dollar as a safe-haven currency, encouraging investors to move into riskier assets like the euro. Q2: What is the significance of the two-week high? A two-week high indicates the euro has regained ground lost during a period of heightened geopolitical tension, signaling a shift in market sentiment toward optimism. Q3: Could the euro continue to rise? Further gains depend on sustained progress in US-Iran negotiations and other factors such as central bank policy. If talks stall, the euro could give back its recent gains quickly. This post Euro Climbs to Two-Week High as US-Iran Peace Hopes Fuel Risk-On Mood first appeared on BitcoinWorld .

6 May 2026, 21:20

Bitcoin jumps to three-month high as US–Iran talks unwind oil risk premium

Global markets moved sharply on Wednesday as signs of progress in US–Iran negotiations triggered a rapid unwind of war-driven positions, dragging oil prices lower while lifting equities and cryptocurrencies. Bitcoin climbed above $81,000, its highest level in three months, while Brent crude fell roughly 11% to around $98 per barrel. The S&P 500 rose 0.85% to a record 7,366.25, according to the Economic Times . Bond yields declined, and gold retreated, reflecting a broad shift in investor sentiment tied to expectations of de-escalation in the Gulf. The moves followed reports that Washington and Tehran are nearing agreement on a preliminary 14-point memorandum that would halt hostilities and open a 30-day window for detailed negotiations. Negotiations advance, but gaps remain Iran said on Wednesday it was reviewing a new US proposal, with a response expected soon via Pakistan, which has acted as the main intermediary between the two sides. The draft framework would first end the conflict before addressing reopening the Strait of Hormuz, easing US sanctions, releasing frozen Iranian assets, and imposing limits on Iran’s nuclear program. US envoys Steve Witkoff and Jared Kushner are leading negotiations for Washington, according to Reuters and Axios. A Pakistani source close to the talks told Reuters, “We will close this very soon. We are getting close.” President Donald Trump struck a mixed tone. He said the US had “very good talks” over the prior 24 hours and that Iran “want to make a deal very much.” But he also warned on Truth Social that if Tehran does not agree, “the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before.” Oil shock drives cross-asset repricing The speed and scale of the market reaction reflect the strategic importance of the Strait of Hormuz, which carries roughly a fifth of global oil supply. Disruptions during the conflict had pushed crude prices higher and intensified inflation concerns across global markets. Wednesday’s drop in oil effectively removed a key inflation pressure point in a single session, supporting equities and other risk-sensitive assets. Bitcoin has gained around 25% since the conflict began, compared with an 8% rise in the S&P 500 and an 11% decline in gold, the Economic Times reported. Ryan Lee, chief analyst at Bitget Research, told the Economic Times that gold’s pullback reflects macro conditions rather than fading safe-haven demand. “Gold is no longer the default,” Lee said. “Digital assets are increasingly being considered alongside it, not after it.” Market behavior during previous geopolitical de-escalations offers useful context. During the Joint Comprehensive Plan of Action, oil prices eased on expectations of increased Iranian supply, while gold weakened as safe-haven demand softened. At the time, Bitcoin was still a relatively niche asset and showed limited correlation with macro geopolitical events. In contrast, today’s market structure points to a stronger linkage between crypto and global macro trends, driven by institutional participation and the rise of Bitcoin ETFs. Skepticism persists on both sides Despite the optimism reflected in markets, significant uncertainties remain. Iranian lawmaker Ebrahim Rezaei described the reported framework as “more of an American wish-list than a reality,” according to Reuters. He added that Iran “has its finger on the trigger” if US concessions fall short. Source (Reuters): On the US side, the proposal reportedly does not address several long-standing demands, including limits on Iran’s missile program, its support for proxy groups, and the status of more than 400 kilograms of highly enriched uranium, Reuters said. Grant Rumley, a former Middle East adviser now at the Washington Institute for Near East Policy, told the BBC: “We have been here before, and we’ve seen negotiations collapse at the last minute for a variety of reasons.” Trump acknowledged the uncertainty, telling PBS he had “felt that way before” about a deal with Iran, adding: “So we’ll see what happens.” The immediate focus is Iran’s formal response to the draft memorandum. If both sides accept the preliminary terms, a 30-day negotiation period would begin, covering sanctions relief, shipping access through the Strait of Hormuz, and nuclear restrictions. Markets are likely to remain highly sensitive to incoming developments. Oil and Bitcoin, in particular, are expected to act as real-time indicators of whether investors believe a deal will materialize—or unravel. While recent developments point to tangible progress, past negotiations show that translating preliminary agreements into lasting outcomes remains a complex and uncertain process. There’s a middle ground between leaving money in the bank and rolling the dice in crypto. Start with this free video on decentralized finance .

6 May 2026, 21:10

JPMorgan now accepting BTC for mortgages after 18 months

🚨 JPMorgan now lets clients use $BTC as collateral for mortgages. Even Jamie Dimon’s bank has pivoted after calling Bitcoin a “joke asset” just 18 months ago. Continue Reading: JPMorgan now accepting BTC for mortgages after 18 months The post JPMorgan now accepting BTC for mortgages after 18 months appeared first on COINTURK NEWS .

6 May 2026, 20:50

DXY Slides as Middle East Tensions Cool, Market Focus Shifts to US Jobs Data

BitcoinWorld DXY Slides as Middle East Tensions Cool, Market Focus Shifts to US Jobs Data The US Dollar Index (DXY) retreated on Monday as geopolitical tensions in the Middle East showed signs of de-escalation, prompting traders to reduce safe-haven positions. The move lower comes ahead of a critical week for macro data, with the US Nonfarm Payrolls (NFP) report taking center stage. Geopolitical Premium Fades Over the weekend, diplomatic channels reported progress in ceasefire negotiations between key regional parties, reducing the immediate risk of a broader conflict. This development triggered a reversal in the dollar’s recent safe-haven bid, which had pushed the DXY to multi-week highs earlier in the month. The easing of tensions also supported a modest recovery in risk-sensitive currencies and equity futures. Market Attention Turns to US Labor Market With the geopolitical risk premium unwinding, investor focus has squarely returned to the US economic calendar. Friday’s Nonfarm Payrolls report is expected to show a moderate slowdown in job creation, with consensus estimates pointing to around 190,000 new jobs added in March, down from 275,000 in February. A weaker-than-expected print could reinforce expectations of a Federal Reserve rate cut later this year, adding further downward pressure on the dollar. What This Means for Traders The DXY’s decline reflects a broader recalibration of risk. If the NFP data confirms a cooling labor market, the dollar could extend its losses, particularly against currencies like the euro and Japanese yen, which have their own monetary policy narratives. However, a strong jobs report could quickly reverse the current move, reasserting dollar strength. Traders should also watch for any renewed geopolitical headlines, which could reignite safe-haven flows. Conclusion The DXY’s retreat highlights how quickly market sentiment can shift when geopolitical risks subside. With the focus now squarely on US employment data, the dollar’s next direction will depend on whether the labor market shows enough softness to justify Fed rate cut bets. This week’s NFP release is likely to be the dominant driver for the greenback. FAQs Q1: Why did the DXY fall today? The DXY fell primarily because of reduced safe-haven demand after reports indicated progress in Middle East ceasefire talks, leading traders to unwind dollar long positions. Q2: How does the US Nonfarm Payrolls report affect the dollar? The NFP report provides key insight into the health of the US labor market. A weaker number increases expectations for Federal Reserve rate cuts, which typically weakens the dollar, while a strong number supports it. Q3: Could the dollar rebound this week? Yes, if the NFP data comes in stronger than expected, or if geopolitical tensions flare up again, the dollar could regain its safe-haven bid and reverse the current decline. This post DXY Slides as Middle East Tensions Cool, Market Focus Shifts to US Jobs Data first appeared on BitcoinWorld .